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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 622.0 $ 96.2
Restricted cash 57.6 46.3
Accounts receivable, net 53.0 37.3
Income taxes receivable 40.7 14.5
Other current assets 33.3 26.9
Total current assets 806.6 221.2
Property and equipment, net 1,081.8 937.3
Investment in and advances to unconsolidated affiliates 634.0 634.5
Goodwill 366.8 367.1
Other intangible assets, net 351.8 369.8
Other assets 22.0 21.1
Total assets 3,263.0 2,551.0
Current liabilities:    
Accounts payable 108.2 57.8
Accrued expenses and other current liabilities 192.4 173.4
Current deferred revenue 42.4 42.5
Current maturities of long-term debt 4.0 4.0
Dividends payable 0.0 23.5
Current liabilities of discontinued operations 124.0 0.0
Total current liabilities 471.0 301.2
Long-term debt, net of current maturities and loan origination fees 1,076.3 384.0
Notes payable, net of debt issuance costs 1,087.3 1,085.9
Non-current deferred revenue 14.2 16.7
Deferred income taxes 205.4 212.8
Other liabilities 36.6 39.4
Total liabilities 2,890.8 2,040.0
Commitments and contingencies
Shareholders' equity:    
Preferred stock 0.0 0.0
Common stock 15.5 0.0
Retained earnings 357.6 509.2
Accumulated other comprehensive loss (0.9) (0.9)
Total Churchill Downs Incorporated shareholders' equity 372.2 508.3
Noncontrolling interest 0.0 2.7
Total shareholders' equity 372.2 511.0
Total liabilities and shareholders' equity $ 3,263.0 $ 2,551.0